Made from all natural ingredients. Made with real licorice root extract. Fat free. No preservatives. No artificial colours or flavours. Soft licorice. The Secrets of the World's Most Delicious Licorice. Panda has been producing the world's leading premium quality, soft eating licorice since 1927. The secret of the unique Panda flavour lies in carefully cooking only four simple all natural ingredients - molasses syrup, wheat flour, licorice extract and aniseed oil. Being free from all artificial ingredients and cooked in such a traditional way by drawing inspiration from the clean Finnish nature, it's easy to see why everyone around the world truly loves Panda.